On Friday, 23rd February 2018, Cytonn Foundation, the Corporate Social Responsibility (CSR) arm of Cytonn Investments Management Plc, which focuses on giving back to society through skill development, held a Private Wealth Management Training (WMT) at the Co-operative University of Kenya (CUK) located in Karen, Nairobi, as part of the Foundation’s financial literacy pillar. During the training, the University staff were taken through a financial planning session with a focus on 4 key pillars; Budgeting, Debt Management, Savings, and Investments in the various asset classes.
A section of the participants of the Private Wealth Management Training (WMT).
Speaking at the event, Moses Njuguna, Senior Financial Advisor at Cytonn, noted that, “Financial planning enables an individual to maintain the same living standard they had prior to changes like retirement and emergencies.” He went on to note that ag and investment horizon determine how one allocate their financial resources by emphasizing that, “The younger the individual, the higher the risk they can accommodate as they have more time to recover in case of volatility in the market.” “The higher the risk, the higher the return that you should demand when making investment decisions,” he added.
Moses Njuguna, a Senior Financial Advisor at Cytonn, shares keynotes on Financial Planning with the attendees.
In the afternoon session, the University students were taken through the CYLP Training. Speaking during the session, Victor Ondiwo, Human Resource Assistant at Cytonn noted, “So far, CYLP has successfully trained over 589 graduates and 209 of these have been absorbed as Cytonn permanent staff.” “We look for entrepreneurial-minded individuals with a proven leadership capability who can be competitive and deliver to our clients’ expectations,” he added.
Victor Ondiwo, Human Resource Assistant at Cytonn takes attendees through the CYLP highlights.
Cytonn Foundation focuses on causes that resonate with Cytonn’s values, and those that the company collectively cares about. Other initiatives of Cytonn Foundation include; Cytonn eHub, a 12-week training & mentorship programme for young & upcoming entrepreneurs that seeks to enhance knowledge & capabilities on how to run & grow successful enterprises, and Cytonn Summer Associate Program, whose main objective is to provide developing markets’ experience to those pursuing post-graduate studies in leading business schools.
